Stocks Closing Lower as Drugmakers Fall

Dow ends day down 85
By Newser Editors and Wire Services
Posted Oct 30, 2017 3:11 PM CDT
Specialist Peter Mazza, left, works with traders Kevin Lodewick, center, and Joseph Lawler on the floor of the New York Stock Exchange, Thursday, Oct. 26, 2017.   (AP Photo/Richard Drew)

(Newser) – Stocks are closing lower on Wall Street as health care companies and smaller firms tumbled, the AP reports. Drugmaker Merck fell 6.1% Monday after it withdrew a marketing application for its drug Keytruda in Europe. Smaller companies skidded. The Russell 2000 index fell 1.2% to 1,490. That was its biggest loss since mid-August. Technology companies continued to rise. Apple jumped 2.4% and closed at an all-time high. The Standard & Poor's 500 index slipped 8 points, or 0.3%, to 2,572. The Dow Jones industrial average fell 85 points, or 0.4%, to 23,348. The Nasdaq composite fell 2 points to 6,698. (Read more stock market stories.)

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